Discussion Response 1A


Respond to the discussion post below with your educated opinion in 3-4 sentences:
Accountants focusing on producing financial statements and leaving the design and production of managerial reports to information systems specialists can have advantages and disadvantages. An advantage of this is obviously if accountants have to focus their efforts on fewer things they can put more time into it and may be able to be more efficient and effective in producing financial statements. However a disadvantage of this is that accountants should know what is going on in all aspects of the business. If they don’t have any influence in the production of managerial reports then they will be lacking in knowledge in this and may not be able to answer any questions from clients pertaining to this. Accountants are most valuable when they are well rounded and know about everything going on in the business. Accountants should be involved in more than just financial measures because typically they are the ones that are working directly with the clients. Clients may have questions about other areas then just the financial measures and accountants having knowledge in other areas will help them in providing information to clients they are working with.

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